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09-02-2012, 12:53 PM
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#1 (permalink)
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New Gen Guru
Join Date: Mar 2008
Location: Orangecity
Posts: 3,953
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Flipkart is buying Letsbuy.com
This news is quit strange...they r the biggest e-commerce/online retail site in India...This buyout is a loss to consumers 
Flipkart to finalize LetsBuy.com buyout deal
Quote:
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A report in MediaNama comes in as a confirmation to floating rumours, and it is true that popular online retail brand, Flipkart has bought LetsBuy.com for an undisclosed amount. Although the terms of the said deal haven't been disclosed, the report in an update stated that "LetsBuy’s valuation was between $20-25 million. Another suggests that it is upwards of $25-30 million, depending on the payout."
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Source- > Flipkart to finalize LetsBuy.com buyout deal
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09-02-2012, 12:55 PM
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#2 (permalink)
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Game & anime Lover
Join Date: Sep 2010
Location: Florence
Posts: 422
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Re: Flipkart is buying Letsbuy.com
wHAT weird!!!
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09-02-2012, 01:08 PM
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#3 (permalink)
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Firecracker to the moon
Join Date: Nov 2011
Location: Mangalore
Posts: 1,489
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Re: Flipkart is buying Letsbuy.com
Wow!They are buying there toughest competitor? is it good or bad?
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09-02-2012, 01:24 PM
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#4 (permalink)
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Apprentice
Join Date: May 2011
Posts: 99
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Re: Flipkart is buying Letsbuy.com
If thats true,that ll make flipkart 'andre the Giant'
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09-02-2012, 01:26 PM
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#5 (permalink)
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Living to Play
Join Date: Apr 2009
Location: Bilaspur, Chhattisgarh
Posts: 5,083
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Re: Flipkart is buying Letsbuy.com
Good for them bad for us.
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09-02-2012, 01:33 PM
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#6 (permalink)
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Apprentice
Join Date: May 2011
Posts: 99
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Re: Flipkart is buying Letsbuy.com
seems like a reaction to amazon.com launching in india
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09-02-2012, 01:36 PM
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#7 (permalink)
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rated R
Join Date: Apr 2010
Location: Gorakhpur
Posts: 291
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Re: Flipkart is buying Letsbuy.com
its good, atleast now letsbuy's delivery times will be better!
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09-02-2012, 01:45 PM
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#8 (permalink)
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Firecracker to the moon
Join Date: Nov 2011
Location: Mangalore
Posts: 1,489
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Re: Flipkart is buying Letsbuy.com
Quote:
Originally Posted by gameranand
Good for them bad for us.
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Why bad to us
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09-02-2012, 01:56 PM
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#9 (permalink)
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FUBAR.
Join Date: Mar 2010
Location: Indore
Posts: 726
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Re: Flipkart is buying Letsbuy.com
Quote:
Originally Posted by serpent16
Why bad to us
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Flipkart's pricing is a bit higher. With this deal, the only main competitor is going.
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09-02-2012, 02:14 PM
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#10 (permalink)
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Mozilla Rep
Join Date: Apr 2011
Location: Lucknow
Posts: 1,470
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Re: Flipkart is buying Letsbuy.com
This. Instead if abusing patents, just buy the competitor outright. No one will be at loss.
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09-02-2012, 02:22 PM
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#11 (permalink)
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New Gen Guru
Join Date: Mar 2008
Location: Orangecity
Posts: 3,953
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Re: Flipkart is buying Letsbuy.com
Its a real loss to us...due to competition the price comes down...now that biggest competitor is gone flipkart will dominate 
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09-02-2012, 02:24 PM
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#12 (permalink)
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Wise Old Owl
Join Date: May 2008
Posts: 1,727
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Re: Flipkart is buying Letsbuy.com
Majority of the startups are made to attract others to buy them. Its nothing new, its like the least expected as many speculated amazon would buy out flipkart (and you might never know)
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09-02-2012, 02:24 PM
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#13 (permalink)
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The Master Chief
Join Date: Nov 2006
Location: Mumbai
Posts: 551
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Re: Flipkart is buying Letsbuy.com
isn't there any monopoly act in online sector??
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09-02-2012, 02:29 PM
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#14 (permalink)
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Resistance is Futile.
Join Date: Oct 2007
Location: Borg Cube
Posts: 534
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Re: Flipkart is buying Letsbuy.com
Quote:
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isn't there any monopoly act in online sector??
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I fail to see how Flipkart's a monopoly.
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09-02-2012, 02:40 PM
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#15 (permalink)
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In The Zone
Join Date: Jan 2008
Location: Bangalore(KA) / Cochin(KL) , IND
Posts: 205
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Re: Flipkart is buying Letsbuy.com
yaa...sad news..no competetors now...hope amazon comes up strongly to avoid market monopoly.
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09-02-2012, 02:43 PM
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#16 (permalink)
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Crowman
Join Date: Mar 2009
Location: New Delhi
Posts: 4,050
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Let's face it. Letsbuy was very unreliable. Hope their service improves now.
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09-02-2012, 02:49 PM
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#17 (permalink)
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BMG ftw!!
Join Date: Aug 2011
Location: Kolkata
Posts: 3,825
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Re: Flipkart is buying Letsbuy.com
If it is true, then very bad time lies before us. No competition in Indian market = unrealistic high price at flipkart.
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09-02-2012, 02:53 PM
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#18 (permalink)
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Project Halcyon V2.0
Join Date: Aug 2008
Location: Kolkata
Posts: 6,103
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Re: Flipkart is buying Letsbuy.com
Flipkart is no longer what it used to be, its prices have soared up, discounts on books have decreased, they had also stopped coupons for some time now, that's one more site going down, if they did not have COD they would have suffered a lot by now.
On a related news, ebay india now offers COD on some items.
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Project Halcyon v2.0:
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09-02-2012, 03:18 PM
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#19 (permalink)
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BMG ftw!!
Join Date: Aug 2011
Location: Kolkata
Posts: 3,825
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Re: Flipkart is buying Letsbuy.com
Quote:
Originally Posted by tkin
On a related news, ebay india now offers COD on some items.
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For example? I mean any tech related products?
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09-02-2012, 03:29 PM
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#20 (permalink)
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Firecracker to the moon
Join Date: Nov 2011
Location: Mangalore
Posts: 1,489
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Re: Flipkart is buying Letsbuy.com
Lets just hope..flipkart keeps the discounts as it is...I have been observing a product in flipkart for the last 5 days..Each day the price is different once it was 435 then it became 520 now its back to 460
Hey guyz check letsbuy
There having a clearance sale
But what will flipkart achieve ?Only some more customers and revenue...Will they offer new products and more discount then?
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Last edited by serpent16; 09-02-2012 at 03:57 PM.
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09-02-2012, 04:05 PM
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#21 (permalink)
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Apprentice
Join Date: May 2011
Posts: 99
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Re: Flipkart is buying Letsbuy.com
Its official now,Flipkart has acquired Letsbuy. Sachin Bansal,flipkart co-founder told in a press conference. Howeva the deal amount is undisclosed.
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09-02-2012, 04:11 PM
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#22 (permalink)
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Wise Old Owl
Join Date: Sep 2009
Posts: 1,624
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Re: Flipkart is buying Letsbuy.com
Quote:
Originally Posted by d6bmg
If it is true, then very bad time lies before us. No competition in Indian market = unrealistic high price at flipkart.
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if the prices hike...we'll get it from the local vendors what say???
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09-02-2012, 04:12 PM
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#23 (permalink)
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Crowman
Join Date: Mar 2009
Location: New Delhi
Posts: 4,050
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Re: Flipkart is buying Letsbuy.com
Really guys, stop it with the monopoly crap. There are enough e-retailers around to provide competition. Flikart's service was undoubtedly the best so it had no competition anyway. As for pricing, yes it is increasing but you can't always get the best service for the least price. There is always some trade-off. I think price is a minor trade-off for peace of mind,
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09-02-2012, 04:20 PM
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#24 (permalink)
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Firecracker to the moon
Join Date: Nov 2011
Location: Mangalore
Posts: 1,489
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Re: Flipkart is buying Letsbuy.com
Quote:
Originally Posted by Krow
Really guys, stop it with the monopoly crap. There are enough e-retailers around to provide competition. Flikart's service was undoubtedly the best so it had no competition anyway. As for pricing, yes it is increasing but you can't always get the best service for the least price. There is always some trade-off. I think price is a minor trade-off for peace of mind,
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Ya your right flipkart has the best delivery and service,Who knows the deal might keep the prices less.
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My Gaming Rig: AMD 965 BE||Gigabyte 7750 OC Edd-880 Mhz Review Coming soon
hd 7750 review
Steam:serpent161
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09-02-2012, 04:58 PM
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#25 (permalink)
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The Warchief
Join Date: Jun 2011
Location: Liberty City
Posts: 1,519
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Re: Flipkart is buying Letsbuy.com
Good , its giant now.
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09-02-2012, 05:09 PM
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#26 (permalink)
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In The Zone
Join Date: Jan 2011
Location: GUWAHATI
Posts: 434
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Re: Flipkart is buying Letsbuy.com
Its too bad. In many instances, Flipkart price is higher than lets buy. And Flipkart doesn't have discount coupons
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The first step to getting the things you want out of life is this: Decide what you want.
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09-02-2012, 05:12 PM
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#27 (permalink)
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Crowman
Join Date: Mar 2009
Location: New Delhi
Posts: 4,050
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Re: Flipkart is buying Letsbuy.com
^Decide what you want. Cheaper price or better service. Once you do that, you wil be happy. 
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09-02-2012, 05:13 PM
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#28 (permalink)
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In The Zone
Join Date: Jan 2011
Location: GUWAHATI
Posts: 434
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Re: Flipkart is buying Letsbuy.com
And if we want peace of mind, then better buy from retail store.
Most people buy online because its cheap. Yesterday I bought Logitech C110 webcam which price on Flipkart is Rs 900+, in eBay RS 699+shipping(Rs 50) and I bought it from a local shop at Rs 720.
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The first step to getting the things you want out of life is this: Decide what you want.
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09-02-2012, 06:03 PM
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#30 (permalink)
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In The Zone
Join Date: Jan 2011
Location: GUWAHATI
Posts: 434
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Re: Flipkart is buying Letsbuy.com
WOW !! Great to hear that. We really need tough competitors. Else the situation will be like Hard Disk manufacturers with no tough competitors and price seem like never going to fall back.
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The first step to getting the things you want out of life is this: Decide what you want.
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